🗺Proof of location: a platform for verifying location for decentralized infrastructure
Currently, traditional GPS systems, which are easily tampered with and spoofed, do not meet the standards for applications related to financial transactions and smart contracts.
Witness Chain has developed the Proof of Location (PoL) solution - a location verification technology based on network latency analysis rather than satellite signals. Through integration with @eigenlayer AVS, Witness Chain creates a robust security mechanism with high scalability.
This technology has many applications:
🏢Compliance with legal regulations on data storage and processing (GDPR)
⚡️Optimizing pricing based on actual geographical distance
🛡️Preventing Sybil attacks and fraud in decentralized networks
🌍Automating smart contracts based on location conditions
📊Explore details about the application of Proof of Location:
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